In the third quarter (for the period ended Sept. 30), SoundHound AI posted revenue of $25.1 million, an 89% year-over-year increase. The company now serves more than 200 enterprise-level customers, showcasing its diversifying business mix. For the full year, SoundHound AI expects revenue of around $84 million, marking an 83% jump from 2023.

The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%. Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains.

It's looking increasingly likely that the artificial intelligence (AI) boom could extend into 2025 as new applications and advancements come to light. And while I view the Magnificent Seven companies as primed to continue winning for investors,

SoundHound Chief Financial Officer Nitesh Sharan is participating in a conference call hosted by Northland Wednesday afternoon